Greyerz – Crushing Debt Will Usher In A Global Implosion
KingWorldNews.com
July 08, 2018
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies, told King World News that crushing debt in the West will usher in a global implosion.
“The rich rules over the poor, and the borrower becomes the lender’s slave.” — Solomon
A Sword Of Damocles
July 8 (King World News) – Egon von Greyerz: “This is the story about Debtor, a newborn American baby. Debtor has just been born into the greatest economy in the world, a land full of promises and opportunities. This is what his parents tell him. But unbeknown to Debtor, he has been given a very bad start in life. The parents haven’t told Debtor, and how could they since they are not aware themselves, that he starts life with a massive debt burden that will grow manifold during his lifetime…
King Solomon’s words will ring true for almost every American born today. The average American is already a debt slave at birth. And by the time he dies, his debt will have increased exponentially, thus passing on an even bigger debt and greater enslavement to the next generation. This is a vicious circle that has gone on for over 100 years. A very small elite has become incredibly wealthy and the masses have become enslaved by private and government debt.
The Rest…HERE
